TENGEN(SH:605066)2025-10-30 08:05Financial Performance - The company's operating revenue for the third quarter was ¥715,430,811.34, representing a year-on-year increase of 6.69%[4]. - The total profit for the quarter was ¥21,514,114.39, showing a decrease of 24.33% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥23,298,192.49, down 21.21% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 44.87%, primarily due to rising raw material prices affecting the gross profit margin[9]. - Total operating revenue for the first three quarters of 2025 was CNY 2,169,930,015.85, a slight decrease from CNY 2,200,888,367.79 in the same period of 2024, representing a decline of approximately 1.4%[17]. - Net profit for the first three quarters of 2025 was CNY 105,191,699.28, compared to CNY 103,853,820.51 in 2024, showing an increase of about 1.3%[18]. - Operating profit for the first three quarters of 2025 was CNY 105,139,672.99, up from CNY 124,568,462.99 in 2024, indicating a decrease of approximately 15.6%[18]. - The company reported a decrease in total operating costs for the first three quarters of 2025, which amounted to CNY 2,076,736,647.10, down from CNY 2,098,088,096.83 in 2024, a reduction of approximately 1.0%[17]. - Earnings per share for the first three quarters of 2025 were CNY 0.21, slightly higher than CNY 0.20 in 2024, indicating a growth of 5.0%[18]. - The company experienced a foreign exchange loss of CNY 330,082.33 in the first three quarters of 2025, compared to a loss of CNY 304,989.30 in 2024, reflecting a worsening of approximately 8.2%[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,221,129,851.96, an increase of 1.72% from the end of the previous year[5]. - As of September 30, 2025, the total assets of Zhejiang Tianzheng Electric Co., Ltd. amounted to CNY 3,221,129,851.96, an increase from CNY 3,166,610,825.26 at the end of 2024, reflecting a growth of approximately 1.73%[13]. - The total liabilities increased to CNY 1,435,823,026.03 from CNY 1,359,737,550.11, representing an increase of about 5.59%[15]. - The total equity attributable to shareholders decreased to CNY 1,785,306,825.93 from CNY 1,806,873,275.15, a decline of about 1.19%[15]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥133,819,893.39, reflecting a significant increase of 66.84%[4][9]. - Cash flow from operating activities for the first three quarters of 2025 was CNY 133,819,893.39, an increase from CNY 80,208,721.78 in 2024, reflecting a growth of about 66.8%[19]. - Cash flow from investing activities for the first three quarters of 2025 was CNY 204,865,322.42, compared to a negative cash flow of CNY 127,857,020.08 in 2024, indicating a significant improvement[19]. - The total cash and cash equivalents at the end of the first three quarters of 2025 was CNY 640,351,549.19, up from CNY 498,626,163.54 in 2024, representing an increase of approximately 28.5%[20]. - The company's cash and cash equivalents decreased to CNY 711,710,576.70 from CNY 725,295,587.36, a decline of approximately 1.81%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,340[10]. - The largest shareholder, Tianzheng Group Co., Ltd., held 24.55% of the shares, totaling 123,933,700 shares[11]. Inventory and Receivables - Accounts receivable rose to CNY 876,033,489.04, up from CNY 770,171,545.97, indicating an increase of about 13.73%[13]. - Inventory decreased to CNY 253,831,323.98 from CNY 287,030,339.52, a reduction of approximately 11.56%[14]. - The company reported a significant increase in prepayments, rising to CNY 20,120,199.26 from CNY 15,703,921.55, an increase of approximately 27.66%[13]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 111,116,551.00, compared to CNY 116,491,480.32 in 2024, showing a decrease of about 4.7%[17]. Non-Recurring Gains - The company received government subsidies amounting to ¥2,301,758.81 during the quarter, contributing to its non-recurring gains[7].